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Welfare-maximizing vs. growth-maximizing shares of government investment and consumption

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  • Lau, Sau-Him Paul
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    File URL: http://www.sciencedirect.com/science/article/B6V84-41CXW90-M/2/c670422ce8ea688bf43d1dc9ec5a8897
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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 47 (1995)
    Issue (Month): 3-4 (March)
    Pages: 351-359

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    Handle: RePEc:eee:ecolet:v:47:y:1995:i:3-4:p:351-359

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    Web page: http://www.elsevier.com/locate/ecolet

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    1. Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
    2. Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
    3. Xavier Sala-i-Martin, 1994. "Lecture notes on economic growth (II): Five prototype models of endogenous growth," Economics Working Papers 78, Department of Economics and Business, Universitat Pompeu Fabra.
    4. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
    5. Eric M. Engen & Jonathan Skinner, 1992. "Fiscal Policy and Economic Growth," NBER Working Papers 4223, National Bureau of Economic Research, Inc.
    6. Sala-I-Martin, X. & Barro, R.J., 1991. "Public Finance in Models of Economic Growth," Papers 640, Yale - Economic Growth Center.
    7. Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
    8. Ram, Rati, 1986. "Government Size and Economic Growth: A New Framework and Some Evidencefrom Cross-Section and Time-Series Data," American Economic Review, American Economic Association, vol. 76(1), pages 191-203, March.
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    Cited by:
    1. Nguyen-Van, Phu & Pham, Thi Kim Cuong, 2013. "Endogenous fiscal policies, environmental quality, and status-seeking behavior," Ecological Economics, Elsevier, vol. 88(C), pages 32-40.
    2. Rafaela Pérez Sánchez, 2004. "Characterizing the Optimal Composition of Government Expenditures," Economic Working Papers at Centro de Estudios Andaluces E2004/81, Centro de Estudios Andaluces.
    3. Florian Misch & Norman Gemmell & Richard Kneller, 2013. "Growth and Welfare Maximization in Models of Public Finance and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 15(6), pages 939-967, December.
    4. Pham, Thi Kim Cuong, 2005. "Economic growth and status-seeking through personal wealth," European Journal of Political Economy, Elsevier, vol. 21(2), pages 407-427, June.

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